Nasdaq 100 (CME) may rise to 17000.00 - 17070.00

Pivot

16710.00

Our preference

Long positions above 16710.00 with targets at 17000.00 & 17070.00 in extension.

Alternative scenario

Below 16710.00 look for further downside with 16580.00 & 16490.00 as targets.

Comment

Investors have to remain cautious since these levels may trigger profit taking.

Supports and resistances

17160.00

17070.00

17000.00

16836.00 Last

16710.00

16580.00

16490.00

Number of asterisks represents the strength of support and resistance levels.
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